Fargo, ND Self Storage: FAQ
How much should I expect to pay per month for my Fargo self storage unit?
How can you hunt for a cheap storage unit if you don't know how much one in Fargo should cost? Since unit prices can change dramatically from one city to the next, the only real measure you have is other facilities in the immediate area. In order to prevent you from going into your storage search unprepared, we here at SelfStorage.com have prepared the numbers you need to know.
Prices on storage in Fargo average $65 per month. If your storage needs are of a longer term, remember that at those rates you'll be paying approximately $780 a year. This average does encompass all storage unit sizes, so it should be taken with a large grain of salt. The price you end up paying will depend on the size of the unit you decide to book. There are six standard sizes of storage units in Fargo, including: 5x5, 5x10, 10x10, 10x15, 10x20 and 10x30. The following are the average prices for each size:
|Storage Unit Size||Average Price in Fargo, ND|
How many storage facilities do I have to choose from in Fargo? Does the area offer a large number of options?
Over the course of your search you'll likely be comparing a number of facilities against one another to find the right option for you. Most would agree that the more storage businesses there are to compare, the better. After all, who doesn't like options? So how many storage businesses are located in Fargo?
18 storage facilities in Fargo, ND are listed on SelfStorage.com's facility network. Across North Dakota, approximately 7 facilities are located in each city on average, 11 less than the 18 available in Fargo, meaning Fargo is home to a few more facilities than the average city. If we were to rank Fargo among the other 4 cities in North Dakota, it would come out as the 1st largest market for self storage, accounting for a surprising 66.67% of all facilities in the state. When compared against the national average of 9 storage facilities in each city, Fargo still offers a full 9 more than the average.
Since, however, there are huge disparities in population between Fargo and other cities in North Dakota, comparing the number of storage businesses in each tells us very little. How, then, does Fargo with its 95,556 people compare to cities of a like size? Fargo offers a slightly higher than average amount of storage space for its size: cities in the 50,000 to 100,000 population bracket have an average 11 storage facilities, 7 fewer than what can be found in Fargo. Our conclusion that Fargo has plenty of facilities for its population, however, seems to be contradicted by its per capita facility count. Compared to cities across the US, Fargo ranks in the 47th percentile for storage facilities per person. In other words, there's not exactly a ton of extra storage space for its 95,556 inhabitants. Perhaps if we only compare Fargo to other cities in North Dakota it might appear to have more storage space? Unfortunately, even by that measure it does seem as if Fargo offers relatively little space, as it places in the 0th percentile for per capita storage facilities in North Dakota.
We can't feel satisfied concluding our look at facilities per capita without mentioning the fact that Fargo is seeing some major population growth. The city saw 5% more people move there from 2000-2010, a whole 0.3% more growth than the 4.7% North Dakota in total saw. Fargo's high rate of growth, plus its low level of self-storage facilities per person, could cause demand for a storage unit, and possibly storage prices, to be extremely high.
Is self storage in Fargo pricey?
It's not uncommon for another community a few miles down the road to offer substanial savings on storage compared to the rates in your community. One of the best pieces of advice we can give customers looking for the cheapest storage in their area is to expand the breadth of their search. The extra drive to the facility could very well be worth the monthly savings. In order to help you know whether or not to expand your search, the analysts at SelfStorage.com have done the math to figure out whether self-storage (also called mini storage or public self storage) in Fargo is relatively more or less expensive than other cities.
With its average price of $65 a month for a unit, Fargo is the 2nd most expensive city for self-storage in the state of North Dakota, which itself is the 34th most-expensive state for storage. In more exact terms, storage in Fargo costs an average of $2.75 more than the average storage unit in North Dakota, which goes for 62.25.
But average prices don't necessarily tell you how affordable storage is in a given city, as money goes further in some states than it does in others. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. The median income in North Dakota is $54,488.00, which means the average storage unit in Fargo would require 1.43% of a median earner's monthly income. This is actually a moderately-low percentage of income to spend on a storage unit: compared to other cities in North Dakota it ranks at the 40th percentile.
When placed on a national scale and compared to cities across the country, storage prices in Fargo are still relatively cheap, ranking at the 39th percentile in terms of relative expense. The national average monthly price of a storage unit is $72.15. Depending on the size of unit you rent and the time of year, you should expect to pay approximately $7.15 less than that for self storage in Fargo.